Milka makes boxes of chocolates for which the demand is uncertain. " Quarterly demand (in boxes of chocolates) for the last 3 years follows: Quarter Year 1 Year 2 Year 3 1 3,000 3,300 3,502 2 1,700 2,100 2,448 3 900 1,500 1,768 4 4,400 5,100 5,882 Total 10,000 12,000 13,600 a- Use intuition and judgment to estimate quarterly demand for the fourth year. b- Use weighted moving average to estimate the demand for every quarter in the fourth year. Try to calculate the weights from historical data of last two years

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Question Three:
Milka makes boxes of chocolates for which the demand is uncertain. " Quarterly demand (in boxes of chocolates) for
the last 3 years follows:
Quarter
Year 1
Year 2
Year 3
1
3,000
3,300
3,502
2
1,700
2,100
2,448
900
1,500
1,768
4
4,400
5,100
5,882
Total
10,000
12,000
13,600
a-
Use intuition and judgment to estimate quarterly demand for the fourth year.
b-
Use weighted moving average to estimate the demand for every quarter in the fourth year.
Try to calculate the weights from historical data of last two years
Transcribed Image Text:Question Three: Milka makes boxes of chocolates for which the demand is uncertain. " Quarterly demand (in boxes of chocolates) for the last 3 years follows: Quarter Year 1 Year 2 Year 3 1 3,000 3,300 3,502 2 1,700 2,100 2,448 900 1,500 1,768 4 4,400 5,100 5,882 Total 10,000 12,000 13,600 a- Use intuition and judgment to estimate quarterly demand for the fourth year. b- Use weighted moving average to estimate the demand for every quarter in the fourth year. Try to calculate the weights from historical data of last two years
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